MGT share price, page-10963

Total speculation but I believe it’s the same people that have the rather large sell orders(that actually never get sold & I believe are only there as a block to the SP, while they accumulate) because let’s face it the orders are never at the top of the price point but closer to mid way or the bottom. Giving them ample time to pull them if someone actually starts to buy into that pip, so unless a massive buy comes in and takes the lot their safe. Yeah it’s a gamble but with our current daily trades fairly safe & if it is indeed what’s happening they e been scooping up the shares quite nicely. Only wish I had more available funds.

Why accumulation, same reason we all are, they either believe in the project/company & the money that’s there in the long run or that they can make money quickly & with this many shares a few pips is hundreds of thousands. Other reasons could be trying to manipulate the VWAP to get a better deal out of any negotiations that may currently be taking place.

Also need to remember if it is one person/investor soaking up these shares they will have a decent amount of power down the road to bend the SP to their will. Just have a look at how Regal have played other companies inc HIO.

Also with any comments unless someone is actually one the inside or part of the group doing this it could be weeks, months till we know why or we may never know the reason behind it.

However while we all went back and forth about wether the SP was being managed for a couple of weeks you’d have to say there is absolutely no doubt about it now.